Petrobras to boost oil production by 2024

BRAZILIAN national oil company Petrobras has released its 2020-2024 business plan, outlining new targets to increase production to 3.5 million barrels of oil equivalent per day.

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Over the next 12 months the state oiler anticipates daily production to reach 2.2 million barrels of oil, down from previous estimates of 2.3MMbopd.

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